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Samson: A coalition of Iraqis: The budget will pass by the majority today, and there is no postponement for tomorrow

17:20 – 20/03/2021

The coalition of Iraqis confirmed, on Saturday, that the budget will pass today by a majority despite the delays and will not be postponed until tomorrow, even if it is held late.

“The consensus has taken more than its size in the budget, and the discussions and consultations that change from one minute to the other have prolonged,” said Hassan Khalati, the representative of the Iraqi coalition, to / the information.

He added that “until the moment, despite the agreement, there are still disagreements on some items of the budget between the political blocs,” noting that “despite the postponements since the morning until now, the budget will pass today by the majority regardless of the cost of the matter.”

Khatti clarified that “the scenario of the past days will not be repeated, nor will it be postponed to tomorrow, in order to pass the budget, and there is a clear majority for passing it and achieving a quorum.”  LINK

Samson:  Deputy Speaker of Parliament: Approval of the budget may be delayed for several days

18:00 – 20/03/2021

The deputy speaker of the Iraqi parliament, Bashir Al-Haddad, confirmed that the Shiite parties cannot withdraw from the agreement on the Kurdistan region’s share of the budget after signing it, indicating that the voting session on the bill may be postponed for several days.

Al-Haddad said in a statement to several media outlets, including the “information”, after the end of a meeting headed by Qubad Talabani and the Kurdish blocs, “Some parties support postponing the meeting for several days, and we will see what we will decide in this regard shortly.”

In response to the cancellation of the Kurdistan delegation’s agreement with the Shiite parties after the latter’s dissolution of their commitment, he clarified that “there is no room for retreating from the agreement after it is signed by the concerned parties and approved by the Finance Committee and circulated.”

He continued: “We in the presidency of Parliament do not agree what any retreat and the agreement reached by the parties will be passed on.”  LINK

Jerry1971:  IMO WHAT A BUNCH OF CORRUPT CLOWNS HAVE BEEN DISCUSSING AND TIME PASSING ON THEIR FEDERAL BUDGET FOR SEVERAL MONTHS NOW EVEN AFTER AGREEING ON IT ONE DAY THEY BACK OFF THE NEXT DAY THUS DELAYING THIS ON PURPOSE AT THEIR SELFISH WILL AND ADDING TO THE MISERY OF THEIR CITIZENS …..GOD ONLY KNOWS WHEN THEY WILL GROW UP AND BE A BIT OF MORE MATURED AND RESPONSIBLE TO THEIR COUNTRY AND PEOPLE .

Slade:  Oooooorrrrr……could it be that Iraq is not in control of any of this being released? Imo………yes

Imo…..much bigger things are happening world wide……..been watching the banking and financial institutions (BIS, IMF, World Bank, CBs, etc)  for years with much smarter people than me that are my friends…..these friends convinced me to get in back in 2004……But hey……they could be wrong and just giving opinions like everyone else does…. Blessings to all here at KTFA!

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Don961:  Member of the Representative Economy: The reduction of the exchange rate is possible in one case, after approving the budget

1,584 Policy 2021/03/20 19:24 amm    Baghdad today – Diyala,

a member of the Parliamentary Economic Committee, Representative Ali Al-Lami, said today, Saturday (March 20, 2021), that the Iraqi government is able to adjust the exchange rate of the dollar at any time it wants, even if it is fixed according to its current price above 1450 dinars in the 2021 budget .

Al-Lami in an interview with (Baghdad Today), that “the change of the dollar exchange rate is the prerogative of the government and the central bank, because the monetary policy takes place through the Central Bank in consultation with the Ministry of Finance.”

He added, If the parliament voted on the new exchange rate included in the budget, the government is able to amend it, whether lowering it or raising it at any time it wants, because this decision is one of its constitutional powers.”

Al-Lami added, “Years ago, he recorded a similar position in calling for the House of Representatives to raise the exchange rate, and an official letter was sent to the Federal Court to resolve the situation at the time, and its response was to veto the decision of the House of Representatives and support the government’s position, considering that monetary and fiscal policy is its prerogative.”

Earlier, the head of the parliamentary bloc, “Bayariq Al-Khair”, Representative Muhammad Othman Al-Khaldi, confirmed that the majority of parliamentarians have come with the change of the dollar exchange rate in the 2021 budget, a few hours before the supposed date to pass the budget, which is delayed for about 3 months.

Al-Khalidi said in an interview with (Baghdad Today) earlier today, that “most of the members of Parliament have changed the current exchange rate of the dollar, especially with the recovery of oil markets and the increase in selling prices per barrel in the last three months, which reduced the financial gap that was behind the decision.” Raising the exchange rate of the dollar a few weeks ago to 1,450 dinars, and consequently, rising prices, including food.

Al-Khalidi added, “According to the law, determining the exchange rate of the dollar is subject to the powers of the Central Bank, as it is an independent institution that has a general framework in drawing the country’s financial policy.” With the economic situation and reducing its effects on large segments, especially since the country has a poverty rate of up to 30%, which calls for high flexibility in dealing with the file of the dollar price.

It is expected that the House of Representatives will hold a special session today to pass the budget.

A member of the House of Representatives, Amer Al-Fayez confirmed, last week, that the return of the dollar exchange rate against the Iraqi dinar to what it was before it was raised, or reduced to 1300 instead of the current price that was allocated in the draft federal budget for the year 2021, is possible through the supplementary budget, which It will include the additional funds entered into the budget as a result of higher international oil prices.

Al-Fayez said in an interview with (Baghdad Today), that “more than 130 deputies threatened to boycott the voting session on the draft budget law, unless the current exchange rate of the dollar changed, given the extent of the damage that the citizen suffered as a result of this change and the fluctuations in the market.” LINK

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